Venture Visionary Partners LLC Purchases New Holdings in Chart Industries, Inc. $GTLS

Key Points

• Venture Visionary Partners LLC has acquired a new stake in Chart Industries, purchasing 9,648 shares valued at approximately $1.39 million.
• Chart Industries reported earnings of $2.59 per share for the last quarter, missing analysts' estimates of $2.62, with revenue of $1.08 billion compared to expectations of $1.11 billion.
• Despite recent challenges, several institutional investors, including Janus Henderson Group PLC and Dimensional Fund Advisors LP, have increased their holdings in Chart Industries.

Venture Visionary Partners LLC purchased a new stake in shares of Chart Industries, Inc. (NYSE:GTLS - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 9,648 shares of the industrial products company's stock, valued at approximately $1,393,000.

Other institutional investors have also made changes to their positions in the company. OneDigital Investment Advisors LLC raised its stake in shares of Chart Industries by 13.2% in the 1st quarter. OneDigital Investment Advisors LLC now owns 2,026 shares of the industrial products company's stock valued at $292,000 after acquiring an additional 236 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Chart Industries by 118.6% during the 1st quarter. GAMMA Investing LLC now owns 1,270 shares of the industrial products company's stock worth $183,000 after purchasing an additional 689 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Chart Industries by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 308,963 shares of the industrial products company's stock worth $44,602,000 after purchasing an additional 6,681 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Chart Industries by 7.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 57,617 shares of the industrial products company's stock valued at $8,318,000 after buying an additional 3,948 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in Chart Industries by 1.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,781 shares of the industrial products company's stock valued at $979,000 after buying an additional 98 shares in the last quarter.

Chart Industries Stock Up 0.0%

Shares of GTLS stock traded up $0.0570 on Friday, hitting $197.6570. 1,998,792 shares of the stock were exchanged, compared to its average volume of 5,402,559. The business has a 50-day moving average of $176.13 and a 200 day moving average of $162.83. Chart Industries, Inc. has a fifty-two week low of $101.60 and a fifty-two week high of $220.03. The company has a current ratio of 1.55, a quick ratio of 1.27 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $8.88 billion, a P/E ratio of 36.74, a price-to-earnings-growth ratio of 1.14 and a beta of 1.59.

Chart Industries (NYSE:GTLS - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The industrial products company reported $2.59 EPS for the quarter, missing the consensus estimate of $2.62 by ($0.03). Chart Industries had a net margin of 6.29% and a return on equity of 13.71%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.11 billion. Equities analysts anticipate that Chart Industries, Inc. will post 9.02 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently commented on GTLS. Johnson Rice lowered Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target on the stock. in a research note on Wednesday, July 30th. BTIG Research downgraded Chart Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Cowen downgraded Chart Industries from a "buy" rating to a "hold" rating in a report on Wednesday, July 30th. Morgan Stanley dropped their price objective on Chart Industries from $250.00 to $225.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Finally, Lake Street Capital downgraded Chart Industries from a "strong-buy" rating to a "hold" rating and set a $210.00 price target for the company. in a report on Wednesday, July 30th. Five equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $202.00.

About Chart Industries

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.